Our blogger's identity is top secret, but you can call him Lou Grant. He's got the inside dish on doings at the Trib, Sun-Times and other Chicago media companies.
David Roeder predicts it will be an “honorable” exit for Sam Zell as the other creditors force him out. Then he goes on to have a corporate turnaround expert say:
"This was a textbook case of a leverage buyout gone bad. These were imbeciles who had no idea what they were doing."
Writers, it seems, can have it both ways. The 67 year-old Zell screwed...more
Mike Fourcher opened another financial analysis, this time of the Sun-Times Media Group at his excellent blog ...more
Don't you hate when someone else beats you to an entry? Mike Fourcher, who writes at Vouchification, has done a bang up analysis of the value of Creative Loafing (the publisher of the Chicago Reader). It is a must read. I wish I'd written it.
When you're talking about a range of values, as Mike is, I don't think the few nitpicking points I'll address here detract from the overall substance of the piece. Nonetheless:
